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[The following information applies to the questions displayed below.] BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $137,700 paid

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[The following information applies to the questions displayed below.] BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $137,700 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to its employee, Ussuming situation fow, prepate the employer's September 30 joumal entry to record the employer's payroll taxes expense and its elated liabilities. Complate this question by entering your answers in the tabs below. Prepare the employer's September 30 joumal entry ta record the employer's payroll taxes exptnse and its reloted liabilitich Noter fonund your answor to 2 decirial placis. Prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its relate Note: Round your answers to 2 decimal places. Journal entry worksheet Record the employer's September 30 payroll taxes expense and its related liebilities. Complete this question by entering your answers in the tabs below. Assuming situotion (a), compute the payroll taxes expense. Ahate: Round vour answers to 2 decimal places

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